The net assets of a business are equal to total assets minus total liabilities. current assets minus current liabilities. total assets minus total stockholders' equity. total assets plus total liabilities. Question 28 Balance sheet cannot help users to analyze the of a company. capital structure financial flexibility debt paying ability profitability Question 29 The basis for classifying assets as current or noncurrent is conversion to cash within the operating cycle or one year, whichever is shorter. the accounting cycle or one year, whichever is shorter. the operating cycle or one year, whichever is longer. the accounting cycle or one year, whichever is longer